Brown & Brown, Inc. Promotes Linda S. Downs to Executive Vice President For Leadership Development
January 09 2006 - 4:33PM
PR Newswire (US)
DAYTONA BEACH, Fla. and TAMPA, Fla., Jan. 9 /PRNewswire-FirstCall/
-- J. Hyatt Brown, Chairman and Chief Executive Officer of Brown
& Brown, Inc. (NYSE:BRO), is pleased to announce that,
effective immediately, Linda S. Downs, CPCU, AAI, a Regional
Executive Vice President, has been promoted to the newly formed
position of Executive Vice President for Leadership Development. In
this new position Ms. Downs will be responsible for the Company's
Benefits & Compensation Department, Quality Control Division
and Security Committee, as well as the new Leadership Recruitment,
Recognition and Development team responsible for the acculturation
and evaluation of current and future leaders. In addition, she will
continue to be responsible for the Program Business Units in Tampa
and St. Louis. Mr. Brown stated, "Brown & Brown is an American
Meritocracy(R). Our continued growth, ad infinitum, requires that
we place even more emphasis on the recruitment and development of
leadership. Linda Downs has been chosen for promotion to this most
important position in order to respond to this strategic
imperative." Mr. Brown continued, "The recruitment, recognition and
development of leadership qualities is best accomplished by an
individual who has been proven, by the acid test of time, as having
superior leadership abilities. Linda Downs is that person." Ms.
Downs joined Brown & Brown in 1980, when she was asked to
establish and build from scratch a retail insurance operation in
Orlando, Florida, which subsequently became an $11 million profit
center. She has not only been the leader responsible for the
development of that office, but has also led other Company
operations to be highly efficient and profitable. Prior to her
promotion, she was the Regional Executive Vice President
responsible for the Company's retail operations in Georgia,
Missouri, South Carolina, Tennessee and Virginia, as well as the
Program Business Units in Tampa and St. Louis. Before joining Brown
& Brown, she was a Commercial Lines Underwriter and Senior
Account Analyst for Travelers Insurance Company. She has earned
both the Chartered Property Casualty Underwriter (CPCU) and
Accredited Advisor in Insurance (AAI) designations. Brown &
Brown, Inc. and its subsidiaries offer a broad range of insurance
and reinsurance products and services, as well as risk management,
third-party administration, and managed health care programs.
Providing service to business, public entity, individual, trade and
professional association clients nationwide, the Company is ranked
by Business Insurance magazine as the United States' seventh
largest independent insurance intermediary. The Company's Web
address is http://www.bbinsurance.com/ . This press release may
contain certain statements relating to future results which are
forward-looking statements, including those relating to continuing
our revenue, earnings and operating growth, as well as identifying
and consummating attractive acquisition opportunities. These
statements are not historical facts, but instead represent only the
Company's current belief regarding future events, many of which, by
their nature, are inherently uncertain and outside of the Company's
control. It is possible that the Company's actual results,
financial condition and achievements may differ, possibly
materially, from the anticipated results, financial condition and
achievements contemplated by these forward-looking statements.
Further information concerning the Company and its business,
including factors that potentially could materially affect the
Company's financial results and condition, as well as its other
achievements, are contained in the Company's filings with the
Securities and Exchange Commission. Some factors include: general
economic conditions around the country; downward commercial
property and casualty premium pressures; the competitive
environment; the integration of the Company's operations with those
of businesses or assets the Company has acquired or may acquire in
the future and the failure to realize the expected benefits of such
integration; the potential occurrence of a disaster that affects
certain areas of the States of Arizona, California, Florida,
Georgia, New Jersey, New York, Pennsylvania and/or Washington,
where significant portions of the Company's business are
concentrated; the actual costs of resolution of contingent
liabilities; those factors relevant to Brown & Brown's
consummation and integration of announced acquisitions, including
any matters analyzed in the due diligence process, material adverse
changes in the customers of the companies whose operations are
acquired, and material adverse changes in the business and
financial condition of either or both companies and their
respective customers; and the cost and impact on the Company of
previously disclosed litigation initiated against the Company and
regulatory inquiries regarding industry and Company practices with
respect to compensation received from insurance carriers. All
forward-looking statements made herein are made only as of the date
of this release, and the Company does not undertake any obligation
to publicly update or correct any forward-looking statements to
reflect events or circumstances that subsequently occur or of which
the Company hereafter becomes aware. DATASOURCE: Brown & Brown,
Inc. CONTACT: Cory T. Walker, Chief Financial Officer, Brown &
Brown, Inc., +1-386-239-7250 Web site: http://www.bbinsurance.com/
Copyright
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From May 2024 to Jun 2024
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From Jun 2023 to Jun 2024